The global refurbished medical equipment market reached a value of US$ 7.6 Billion in 2019. Looking forward, the market is projected to reach a value of US$ 12.7 Billion by 2025, exhibiting a CAGR of around 9% during 2020-2025.
The increasing privatization of the healthcare sector, along with the growing requirement for low-cost medical services, is one of the key factors driving the market growth. Furthermore, factors such as the increasing prevalence of chronic diseases and rising geriatric population are also providing a boost to the market growth.
Healthcare centers are increasingly opting for alternatives to procure inexpensive medical equipment to offer a wide variety of affordable treatment services to their patients without compromising on the quality.
Additionally, the expanding population base suffering from critical ailments across the globe, such as cancer and cardiovascular diseases (CVDs) is also augmenting the market growth. Also, there is widespread adoption of refurbished equipment by private hospitals in the emerging nations owing to budget constraints.
Moreover, the integration of devices with the Internet of Things (IoT) and extensive efforts by both government and non-governmental organizations (NGO) to make quality healthcare facilities accessible to all, are also projected to drive the market further.
The competitive landscape of the industry has also been examined with some of the key players being AGITO Medical, Block Imaging, Everx Pty Ltd, GE Healthcare, Integrity Medical Systems, Radiology Oncology Systems, Radmedical, Siemens Healthineers AG, Soma Technology Inc., etc.
Key Questions Answered
How has the global refurbished medical equipment market performed so far and how will it perform in the coming years?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global refurbished medical equipment market and who are the key players?
What is the degree of competition in the industry?
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
4 Introduction 4.1 Overview 4.2 Key Industry Trends
5 Global Refurbished Medical Equipment Market 5.1 Market Overview 5.2 Market Performance 5.3 Market Forecast
6 Market Breakup by Product Type 6.1 Medical Imaging Systems 6.1.1 Market Trends 6.1.2 Market Breakup by Type 18.104.22.168 Computed Tomography Systems 22.214.171.124 MRI Systems 126.96.36.199 X-ray, C-arm & Radiography Equipment 188.8.131.52 Ultrasound Systems 184.108.40.206 Mammography Equipment 220.127.116.11 Ultrasound Systems 18.104.22.168 Nuclear Medicine Devices 22.214.171.124 Others 6.1.3 Market Forecast 6.2 Operating Equipment and Surgical Devices 6.2.1 Market Trends 6.2.2 Major Types 126.96.36.199 Anesthesia Machines and Agent Monitors 188.8.131.52 Endoscopes and Microscopes 184.108.40.206 X-ray, C-arm & Radiography Equipment 220.127.116.11 Vascular Closure Devices 18.104.22.168 Electrosurgical Units 22.214.171.124 Altherectomy Devices 126.96.36.199 Others 6.2.3 Market Forecast 6.3 Others 6.3.1 Market Trends 6.3.2 Major Types 188.8.131.52 Patient Monitoring Devices 184.108.40.206 Defibrillators 220.127.116.11 Coagulation Analyzers 18.104.22.168 Neurology Equipment 22.214.171.124 Endoscopy Equipment 126.96.36.199 Others 6.3.3 Market Forecast
7 Market Breakup by Application 7.1 Diagnostic Imaging Systems 7.2 Minimally Invasive Devices 7.3 Biotechnology Instruments 7.4 Others
8 Market Breakup by End-User 8.1 Hospitals and Clinics 8.2 Diagnostic Centers 8.3 Ambulatory Surgical Centres 8.4 Others
9 Market Breakup by Region 9.1 North America 9.2 Asia-Pacific 9.3 Europe 9.4 Latin America 9.5 Middle East & Africa